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Improving decision-making through material flow cost accounting: the case of VietGreen bottled mineral water company

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  • Tran, Thuy Thanh
  • Herzig, Christian

Abstract

VietGreen, headquartered in the South of Vietnam, is a bottled mineral water company striving towards becoming a leading mineral water producer with a strong reputation for social responsibility and integrity. This case describes VietGreen’s decision to explore the potential of material flow cost accounting (MFCA) for enhanced eco-efficiency and achieving the company’s long-term goals. It introduces the students to the company’s major challenges in meeting existing and newly introduced environmental regulations and in dealing with various controversial perspectives of managers involved in a project to implement MFCA. The focal questions of the case are why and how the company’s management should invest in and apply MFCA to implement its major strategic objectives. In particular, it focuses on the tension between measures improving either environmental or economic performance as well as the search for solutions contributing to both types of goals.

Suggested Citation

  • Tran, Thuy Thanh & Herzig, Christian, 2021. "Improving decision-making through material flow cost accounting: the case of VietGreen bottled mineral water company," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 25(1), August.
    • Handle: RePEc:ags:ifaamr:316356
    DOI: 10.22004/ag.econ.316356
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    File URL: https://ageconsearch.umn.edu/record/316356/files/ifamr2020.0187.pdf
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    References listed on IDEAS

    as
    1. Christ, Katherine L. & Burritt, Roger L., 2016. "ISO 14051: A new era for MFCA implementation and research," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 19(1), pages 1-9.
    2. C Herzig & T Viere & S Schaltegger & R.L Burritt & Ki-Hoon Lee, 2012. "Environmental Management Accounting: Case studies of South-East Asian Companies," Accounting Forum, Taylor & Francis Journals, vol. 36(4), pages 310-312, December.
    3. Thuy Thanh Tran & Christian Herzig, 2020. "Material Flow Cost Accounting in Developing Countries: A Systematic Review," Sustainability, MDPI, vol. 12(13), pages 1-18, July.
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    Cited by:

    1. Vera Amicarelli & Brian E. Roe & Christian Bux, 2022. "Measuring Food Loss and Waste Costs in the Italian Potato Chip Industry Using Material Flow Cost Accounting," Agriculture, MDPI, vol. 12(4), pages 1-16, April.

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